There is now clarification by HMRC on Coronavirus – Job Retention Scheme for Employers. They have extended the scheme to cover all employees that were on the payroll on the 19 March 2020 and for whom an RTI filing was made. For most employers this will mean all staff employed […]
This is our Coronavirus Update Self Employed as of – 16 April 2020 Coronavirus – Self-employed scheme HMRC now anticipate contacting all self-employed by mid-May and hope to make payments in early June. Payment will be calculated by averaging the monthly taxable profits based upon the three tax years ending […]
At ABM Accountant Reading many client’s are asking us information about the employers grant. How do I furlough staff ? A question clients ask us on a daily basis. This is the latest update as of 7th April 2020 Employers Grant – Job Retention Scheme All employers will be able […]
Self-employed Income support – COVID-19, this is the latest update from HMRC as of 6th April, 2020 Who is eligible for self-employed Income Support? The Government will pay all registered self-employed who have lost income due to the pandemic a taxable grant calculated as 80% of the last three years […]
Covid – 19 Small Business Advice – Help Covid – 19 Small Business Advice has been announced by the Government. Theyhave announced various schemes for assisting businesses who are facing financial difficulties due to the current pandemic. In a bid to be helpful, we have summarised the information current as […]
HMRC Email Reminders Have you set your account up at HMRC to receive Email Reminders? A recently updated article originally published by HMRC in 2014 stated that “Companies who have switched to email reminders from paper are more likely to file their accounts and confirmation statement (annual return) on time.” […]
Bogus Emails From Companies House Have you heard of a Company who call themselves the Register of Companies and Business. This Company are currently sending out letters requesting IMMEDIATE payment of an account – normally in the region of £190 – it states that the payment is “to pay for the publication […]
Small businesses, with less than 50 employees, have so far been granted exemption from the relatively new HMRC penalty regime for late filing of their monthly payroll RTI (real time information) returns. However, the penalties that have been in force for larger businesses since last September are due to be […]
The HMRC have issued an excellent guidance document to help you recognise whether the email you have received, which may well state it is from the HMRC, is actually genuine or not. The content of the guidance includes:- 1. Current list of digital and other contact issued from HMRC 2. […]
HMRC do say that they understand that sometimes people really do have genuine, truthful reasons why they didn’t complete their online self assessment form on time. However, that doesn’t mean that they are likely to let you off the £100 + fine for late submission Here are a selection of […]
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